Hi @Blake WilliamsI own a brokerage and have worked with most of the largest hard money lenders in our space and at a high volume level.

Most floor rates across your largest lenders are 6.25-6.5%.

I do come back to Staten Island,NY from time to time - that is my hometown.

for non commercial residential I saw a study indicating that 97 out of 100 largest cities that it is initially cheaper to rent than owner occupy purchase.  

Stuart I have been with my commercial banker now since 1993.. started with a little 100k  LOC to buy timber and within 8 years I was the largest borrower at that bank at about 15 mil.. ( small community bank)  but we fought through the GFC together I had to start over and my banker kept one last  1mil LOC open for me so I could operate and since those dark says of 2010 he has gone on to fund 5 subdivisions for me  300 plus homes and 100 plus million in loans and this is based on relationship 100%..

Rochester has a lot more in common with Buffalo than, say, Troy or the Hudson Valley.If we're getting that specific, there are a few more areas to consider.AdirondaksNorth Country - Watertown, Potsdam, etc.Long Island (very different than NYC)The Finger LakesWith that many regions, I think it's better to just use city names rather than regions.

Of course when the risk free rate is sub zero, those with capital are urged to deploy it (allow known as quantitative easing).Of course there are many other factors like operator experience, specific market, specific deal etc, but generally this is one of the largest factors.

Prices stopped climbing, unemployment grew, and individuals sud denly realized that they were no longer holding on to investments but rather playing in the world’s largest game of legalized gambling—and they had just lost.

.- Lot of layoffs in those companies - Do you read the news that Signature Bank that collapsed in March is actually the largest asset holder of core-stabilized asset ?

Since condos need two types of insurance and many of the largest US companies pulled out, the cost tripled and with less coverage.